How much maximum can loan broker collect as a broker fee for non real estate loan ? - loan broker
I checked online and the majority of loan brokers unsecured load of 5% -10%. but I read this quote from the website of the Prosecutor:
State law limited, can evaluate the overall rate by a broker (after provisions consent) and 0.5% of a mortgage, it is not.
Which illegal means, by more than 0.5% of loan interest collected after the adoption? If so, why support som many more brokers than it would in New York to work?
Thank you in advance, and I appreciate the reply :-)
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